With the lettings market booming, Benham and Reeves Lettings, already London‘s largest, independent lettings-only agent, has opened a new office in Canada Square, in the heart of Canary Wharf to meet the growing need from landlords and tenants. And this is the second new office to be opened by the company this summer they‘ve also opened an office in Imperial Wharf, a riverside development near Chelsea Harbour, bringing the total number of offices across the Capital to ten.
“The lettings market in Canary Wharf is going from strength to strength, with corporate tenants keen to enjoy the great lifestyle that the area has to offer and it‘s not hard to see why Canary Wharf is such a popular area with corporate executives.†reports Anita Mehra, Managing Director of Benham and Reeves Lettings.
“Professionals working long hours in Canary Wharf want to live near their offices it‘s a short walk to work, taking the stress out of the daily commute, and it‘s now such a vibrant area full of cafes, restaurants and shops.â€
Here at Benham and Reeves Residential Lettings London we‘re seeing a real surge in enquiries from executives waiting to move into prestigious new developments such as The Landmark and Pan Peninsula where in the past month alone we‘ve let 46 apartments.
“The facilities at these prestigious, new developments really are amazing. At Pan Peninsula you‘ll find a health and fitness spa, waterside restaurant, 50th floor cocktail lounge, 24 hr concierge and even a private cinema. Yet one bed apartments start from £350 per week so are well within the reach of typical corporate budgets. The Landmark too is quickly becoming one of the Capital‘s most sought-after addresses offering a great city lifestyle, these luxury apartments offer ultra-high spec interiors. Here, asking rentals are around £335 pw for a one bed apartment and £575 for a two bed so again are well within corporate budgets.â€
Marc von Grundherr, director of Benham and Reeves Residential Lettings, explains the investment potential of Canary Wharf‘s newest developments: “Apartments at developments like The Landmark and Pan Peninsula are proving to be a popular investment - particularly with our overseas landlords. With interest rates low and the pound still very weak, rental yields are good investors are achieving as much as 6%% while the developments‘ popularity with tenants means that there are few void periods.â€
“Both developments are extremely popular with tenants and we‘re already seeing demand increase significantly. And of course, as demand grows, rents are likely to increase so many prospective tenants are keen to move in quite quickly before demand outstrips supply.â€
The new Benham and Reeves Residential Lettings office at Canary Wharf is located at Level 33, 25 Canada Square, E14. Lisa-Jane Stratton is the main office contact. Both she and office manager Mark Wellington can be contacted on 020 7038 8057 or email [email protected]
For more info: http://www.benhamandreeves.co.uk